Coherent plans to sell Illinois facility, stock falls, but retail is bullish.

From StockTwits: 2025-03-26 22:44:00

Coherent Corp. (COHR) plans to sell its epitaxial fabrication facility in Illinois to reduce its manufacturing footprint. The facility can accommodate up to 10 epitaxial tools and has previously produced sodium phosphide and gallium arsenide wafers. Shares of COHR fell 5.5% in Wednesday’s trading and continued to decline after hours. Coherent has not yet identified a buyer for the facility. The company also launched a new optical time domain reflectometer for network diagnostics. Analysts at Raymond James recently upgraded Coherent to ‘Strong Buy’ due to its partnership with Nvidia Corp. The average price target for Coherent is $114.57, with a 60% upside potential. The stock has declined 25% year-to-date.



Read more at StockTwits: Coherent Stock Tumbles On Illinois Facility Sale Announcement, But Retail Remains Bullish